The Credit Union Business Lending CenterSM
The Credit Union Business Lending CenterSM, our new application portal, solves the problem of how to cost-effectively originate small business loans and compete with online lenders (i.e. Fintech providers).
With this easy-to-use, 24/7 tool, borrowers are guided step-by-step through the application process and upload any required loan documentation themselves. In just a few minutes, the portal transmits the completed application to MBS for expedited processing. MBS will provide a condensed-format credit memo complete with recommendation and risk rating for you to decision the loans.
The application portal can also be used by branch employees to originate loans with a member present. The step-by-step process ensures an easy, professional, in-branch experience for your member and employee.
Whether you’re already offering small business loans or would like to get started, the Credit Union Business Lending CenterSM is a convenient, efficient complement to your existing products/services and/or provides easy entry into this market.
To learn more, download the full product summary.